If 2020 taught us anything, it's to expect the unexpected. We empathize with the unprecedented challenges that you have, and likely continue to be faced with. But as always, with challenges come new opportunities. And there has never been a more pivotal opportunity to charter the path forward, create new beginnings, forging relationships built on trust, while still keeping the employee at the heart of it all.
Insights in your workforce
Like many HR teams, you’re probably working to balance profitability while providing a comprehensive benefit for your employees. On top of that, we understand the additional pressure of managing employee turnover, which ranks amongst the highest in automotive and manufacturing industries when compared to other sectors. As you consider ways to address these challenges, how are you leveraging your benefits strategies?
The forecasted supply of engineers qualified to fill the gaps in open positions in the automotive and manufacturing industries is expected to grow by 9% in the next five years.
According to a recent KPMG study, laying off an employee costs a manufacturing/automotive firm a staggering $65,000/per employee.
Based on that estimate, cutting down employee turnover by just 10% could save as much as $500,000 for an organization.
Benefits as a means of retention
While many plan sponsors we work with leverage their benefits offerings and strategies to increase productivity and revenue while containing costs, many discount the fact that an attractive benefits package that contains a mix of benefits catering to all demographics in your employee population is also highly effective at helping to reduce turnover and drive employee engagement.
Based on your diverse workforce, we’ve identified a few areas that may be of utmost interest to your employees. We look forward to digging in with you to uncover additional ways we can serve your members based on their interests and your plan goals.
Based on your diverse workforce, we’ve identified a few areas that may be of utmost interest to your employees. We look forward to digging in with you to uncover additional ways we can serve your members based on their interests and your plan goals.
Supporting behavioral health
Just as physical health conditions can degrade our mental health, mental health conditions can worsen our physical health. Explore our research and find out how we can help you support your employees.
Healthy Ways to Work
In a world dramatically changed by COVID-19, we’re helping our partners and their employees navigate new realities. Explore agile solutions focused on helping people return to a healthy, safe, and productive workplace.
Navigating digital health
As more U.S. consumers and health care providers demand and adopt digital health applications, health benefits leaders are challenged with where and how to invest.
Express Scripts is now part of Evernorth
Elevating health means reimagining how we partner. With the formation of Evernorth, our health services portfolio, we are better equipped than ever to support Honda’s unique needs, through open collaboration and unbiased guidance.
